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Turn debt
into hope

CANCEL DEBT TO CREATE HOPE

As we begin our journey for the 2025 Jubilee, Pope Francis reminds us that “hope should be granted to the billions of the poor who often lack the essentials of life” and that “the goods of the Earth are not destined for a privileged few but for everyone.” (Spes Non Confundit, 15-16)

Inspired by this call to justice, we are joining Caritas Internationalis’ campaign Turn Debt into Hope along with many other faith-based and civil society organisations.

Together, we urge decision-makers to prioritise people and planet over mere profit and demand debt justice for communities crushed by unjust and unpayable debts.

As the Holy Father writes, “if we really wish to prepare a path to peace in our world, we must commit ourselves to remedying the remote causes of injustice, settling unjust and unpayable debts” (Spes Non Confundit, 16).

Official logo G7 Kananaskis | Logo officiel G7 Kananaskis AB

Why mobilize around the G7?

The G7 summit is a key moment in the Turn Debt into Hope campaign to urge decision-makers to end unjust debt of the countries of the Global South and reform the global financial system to prevent future debt crises. 

We want world leaders to hear our message by presenting as many petition signatures as possible.

Participate to the Jubilee 2025 People’s Forum

To prepare for the G7 Summit in Alberta, you are invited to the G7 Jubilee People’s Forum, which will be held in Calgary from June 12 to 15, 2025.

This is a transformative space for faith-filled justice-seekers in Canada and world-wide to come together, reflect, pray and take action for economic and ecological justice. Together, we will build solidarity; explore spiritual grounding and moral courage in the face of mounting global debt crisis; and call on G7 leaders to take the lead in canceling unjust debt for countries in the Global South.

Act for debt justice

Today, nearly half the world’s population is living in countries that are forced to spend more on repaying debts than on health, education or tackling the climate crisis. With more than 100 countries in the Global South facing a debt crisis, we must act to stop this by cancelling and restructuring unjust and unsustainable debt and prevent other debt crises from happening again by addressing their root causes.

Together, let’s ensure future generations do not have to pay the price of an unjust debt.

Latest news about the campaign

Women from DRC | Femmes de RDC

THIS LENT, DOUBLE YOUR IMPACT!

By becoming a Share Year-Round monthly donor during Lent, or by increasing your monthly contribution at any time between Ash Wednesday (March 5, 2025) and Pentecost (June 8, 2025), your total annual donation (or increase) will be matched dollar for dollar.

Monthly giving is a great way to support our mission as your recurring, predictable donations reduce our administrative costs and allow us to plan longer-term transformative work. You also become a member of the organization and join a family of over 12,800 Canadians who share your values and your convictions!

The Jubilee reminds us that the goods of the earth are not destined for a privileged few, but for everyone. The rich must be generous and not avert their eyes from the faces of their brothers and sisters in need.

EXTERNAL DEBT AND ECOLOGICAL DEBT:

WHO OWES WHOM?

Global financial systems always demand massive debt repayments from countries in the Global South, often on harsh, impoverishing terms. Yet, they do not even acknowledge, let alone repay, a debt owed to those countries. This is the ecological debt that Pope Francis addressed in his encyclical Laudato Si’.

Western societies incur this debt while enriching themselves through economic models that rely on plundering resources from the Global South and on overconsumption. Greenhouse gases generated in the process drive the climate change whose brunt is borne by the lowest-emitting countries in the Global South.

Recognizing this ecological debt is an essential step to achieving debt and climate justice and a sustainable future.

OUR PARTNERS MAKE THE DIFFERENCE

Around the world, many people are impacted by the burden of external and ecological debts.

Here are two examples from our partners. Learn more in our Mini-magazine:

PERU

Peru may not be in an economic debt crisis, but it is an ecological debt crisis. To build its economy, and to avoid having to take on external debt, the country has turned to extractive industries. This has serious consequences on the health of entire communities and the environment.

Our partners, the Comisión Episcopal de Acción Social (CEAS, Episcopal Commission for Social Action) and the Institut Bartolomé de Las Casas (IBC) work with several peasant and Indigenous communities affected by the mining and oil industries.

Pérou | Peru

THE PHILIPPINES

Pope Francis village | Village Pape François, Philippines

View of Pope Francis’ village, Tacloban.

The Philippines’ total external debt now stands at over $111 billion. In 2013, the country had to borrow billions in the wake of Super Typhoon Haiyan. While most large reconstruction projects were debt-funded, one stood apart.

Your solidarity allowed our partners to acquire the land for and build a whole new community, working with 550 typhoon-affected families.

Ten years later, the Pope Francis Village is a thriving example of post-disaster rehabilitation.

Collage - Resources Lent 2025

Resources

Spread the word about the Share Lent campaign in your community and encourage donations with our many resources: poster, Mini-magazine + Solidarity Calendar, short talk, parish bulletin announcements, prayers of the faithful, Way of the Cross, weekly reflections, promotional banners and more!

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